Business
Linamar Announces the Completion of its Acquisition of The Camshaft Business of Muhr und Bender KG and Mubea Motorkomponenten GmbH
GUELPH, ON , Oct. 1, 2013 /CNW/ - Linamar Corporation (TSX:LNR) announced today that it ...
About this update from Linamar Corporation
[{"type":"text","content":"\n\n\nGUELPH, ON, Oct. 1, 2013 /CNW/ - Linamar Corporation (TSX:LNR) announced\n today that it has completed its acquisition from Muhr und Bender KG\n (\"MKG\") and Mubea Motorkomponenten GmbH (\"MMKG\") of MMKG's business of\n manufacturing and distributing assembled camshafts, located in\n Hildburghausen, Thale and Thale-Warnstedt, Germany.\n\n\n\"The acquisition of the Mubea assembled camshaft business adds\n leading-edge lightweight and fuel efficient hydroformed and assembled\n camshaft technology to our existing technology portfolio on camshafts,\"\n said Linda Hasenfratz, CEO, Linamar Guelph.  \"Additionally, their\n capabilities on hot forging production will provide a significant\n enhancement to our machining and assembly operations, globally.  We are\n pleased to add Mubea's talented workforce and advanced manufacturing\n capabilities to Linamar.\"\n\n\nThe camshaft business will be operated out of 3 locations in Germany\n employing approximately 110 people and comprising nearly $25 million in\n sales with an expectation to nearly double in size in the next 4 years.\n\n\nLinamar Corporation (TSX:LNR) is a diversified global manufacturing\n Company of highly engineered products powering vehicles, motion, work\n and lives. The Company is made up of 2 operating segments - the\n Powertrain/Driveline segment and the Industrial segments which are\n further divided into 4 key divisions - Manufacturing, Driveline,\n Industrial Commercial Energy (\"ICE\") and Skyjack, all world leaders in\n the design, development and production of highly engineered products. \n The Company's Manufacturing and Driveline divisions focus on precision\n metallic components, modules and systems for engine, transmission and\n driveline systems designed for passenger vehicle markets.  The ICE\n group concentrates on similar products for on and off highway vehicle,\n energy and other industrial markets.  The Company's Skyjack division is\n noted for its innovative, high quality mobile industrial equipment,\n notably its class-leading aerial work platforms and telehandlers. With\n more than 17,400 employees in 40 manufacturing locations, 5 R&D centers\n and 15 sales offices in 12 countries in North America, Europe and Asia,\n Linamar generated sales of more than $3.22 Billion in 2012. For more\n information about Linamar C...